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National Semiconductor Swings
To Profit on Strong Bookings

National Semiconductor Corp. announced its first quarterly profit in more than a year, surpassing previously raised sales targets and analyst projections.

For the fiscal fourth quarter ending May 26, the Santa Clara, Calif., chip maker posted a profit of $17.1 million, or nine cents a share, compared with a loss of $44.4 million, or 26 cents a share, in the same period last year.